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Gulf Keystone Petroleum says Kurdistan oil production may be disrupted by Turkish earthquake

Published 07/02/2023, 07:41
Updated 07/02/2023, 08:13
© Reuters.  Gulf Keystone Petroleum says Kurdistan oil production may be disrupted by Turkish earthquake
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Proactive Investors - Gulf Keystone Petroleum Limited said exports from the Shaikan Field, in the Kurdistan region of Iraq, could be disrupted by the major earthquake that affected Turkey and northern Syria.

The company announced that it has been notified that the export pipeline to Ceyhan in Turkey and the operations at the terminal there have been temporarily suspended for inspection to determine any potential impact.

Fortunately, the production operations and well sites of GKP remain unscathed by the earthquakes, and all staff are continuing to work safely.

The facilities also have enough storage capacity to maintain a curtailed production rate for the next few days.

After that, the company will halt production until the pipeline export operations resume, investors were told.

“We are closely monitoring the situation and will provide further updates as the situation develops. GKP’s thoughts are with all those affected by the tragedy,” the oil production group said.

The latest numbers from Monday’s disaster in Turkey reveal the number of casualties has now risen to 3,381, with 20,426 injured and 5,775 buildings collapsing.

The combined death toll in Turkey and neighbouring Syria stands at 4,890, with fears that the number may continue to rise.

Read more on Proactive Investors UK

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